TORONTO, July 5, 2016 /CNW/ - Sirius XM Canada Holdings Inc. ("SiriusXM Canada" or the "Company") (TSX: XSR), the parent of Sirius XM Canada Inc., today announced that it will be holding a Special Meeting of Shareholders on Tuesday, August 30, 2016. The purpose of the meeting will be for shareholders to vote on the Company's proposed recapitalization by way of a go-private transaction (the "Recapitalization"), which was previously announced on Friday, May 13, 2016.
Holders of record of SiriusXM Canada's Class A Subordinate Voting Shares and Class B Voting Shares at the close of business on Friday, July 29, 2016 (the "Record Date") will be entitled to vote at the Special Meeting, while holders of Class C Non-Voting Shares will be entitled to receive notice of the Special Meeting.
The Company will seek an interim order from the Ontario Superior Court of Justice approving the Special Meeting and Record Date.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements made in this press release are forward-looking statements. These statements include, without limitation, statements relating to: the timing of the Special Meeting; the timing of the Record Date for the Special Meeting; the purpose of the Special Meeting; and receipt of the interim order. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize and we caution you against relying on any of these forward-looking statements. Additional details regarding the proposed recapitalization transaction will be disclosed in the Management Information Circular to be filed in due course. The forward-looking statements contained in this press release describe our expectations on the date hereof and, accordingly, are subject to change after such date. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.
About SiriusXM Canada
Sirius XM Canada Holdings Inc. (TSX: XSR) operates as SiriusXM Canada. SiriusXM Canada, with approximately 2.7 million subscribers, is the country's leading audio entertainment company and broadcasts more than 130 satellite radio channels featuring premier sports, news, talk, entertainment and commercial-free music. SiriusXM Canada offers an array of content from the most recognized news, entertainment and major sports brands including the NHL, NFL, NBA, MLB, NASCAR, CNN, CBC, FOX, BBC, Howard Stern, Disney, Comedy Central and more.
SiriusXM programming is available on a variety of devices including pre-installed and after-market radios in cars, trucks and boats, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available online at www.siriusxm.ca and on Apple and Android-powered mobile devices.
SiriusXM Canada has partnerships with every major automaker and its radio products are available at more than 2,500 retail locations nationwide. To find out more about SiriusXM Canada, visit our website at www.siriusxm.ca.
SiriusXM Canada has been designated one of Canada's 50 Best Managed Companies seven years in a row and is currently a Platinum Club Member, in addition to 2013, 2014 and 2015 rankings in PROFIT 500's list of Canada's Fastest Growing Companies.
SOURCE SiriusXM Canada
For further information: please contact: Odeta Kellici, SiriusXM Canada, Tel: 416-513-7416, Odeta.Kellici@siriusxm.ca; Kristen Dickson, NATIONAL Equicom, Tel: 416-848-1429, email@example.com; D.F. King, Tel: 1-866-822-1238 toll free in North America, firstname.lastname@example.org